It is a system of paying the amount of money in an insurance company to leverage or protect themselves and the consequences of any event something bad will happen in the chokatia insurance. The insurance company takes the responsibility of restoring pure chaotic situation in any area of a person insured them. Insurance system are diverse here we briefly explained thesa a few: 1. Liability insurance (Liability Insurance) helps cover this County who evade debt to assets was destroyed as itself pays the same cost. For example, in case the insured thesa person in this he had an accident of collision with another car then the insurance company will bear the responsibility for paying the damaged property and the person who cut this insurance and not be responsible to pay for the assets of the person who cut this insurance. 2. Life insurance (Life Insurance) This engages more and pay people who were listed by the person insured thesa as a benefit when the death of the world. 3. Property thesa Insurance (Property Insurance) This relates more to cover the cost of building and all the furniture inside thesa the building when zitakazokuwa inapopatwa and disasters such as fire, flood or other natural disasters. Here in Tanzania these days there are so many insurance companies have been set up so it's not something wrong to create an atmosphere to protect the lives of the people around. This is a brief report on insurance thanks.
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